Food Ingredients Company Investment Opportunity in Mumbai, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 320 thousand|
|Run Rate Sales||USD 1 million|
|EBITDA Margin||Operating at loss|
|Local Time||12:02 PM Asia / Kolkata|
|Listed By||Advisor / Business Broker|
Raving reviews on Shark Tank.
- All the judges of Shark Tank, appreciated the taste of the products. Aman Gupta, founder, of BOAT, found the products "mindblowing"
- Namita, Founder, of Emcure Pharma found the packaging very attractive.
- Vineeta, CEO, of Sugar Cosmetics told that she will steal a bottle and carry home.
- Anupam Mittal, serial investor, and founder Shaadi. com gave a 10 on 10 to the products.
- Company has sold over a million bottles of its chutney and is available in 5 cities Mumbai, Delhi, Bangalore, Hyderabad, and Kolkata.
- Online, it is active on all leading marketplaces in India and Amazon USA. It will be adding UAE and Europe to its online sales channels.
-Since 2 years, the company has grown almost 3X from about INR 25 Lacs MRR to INR 70 Lacs as of the end of last year.
- ARR of Rs 8.5 crores sold at 63% gross margins.
- Company intends to build a topline of 100 crores in the next 24-26 months.
- The company wants to raise an Rs. 5 crore pre-series A round immediately to build the topline to about INR 1.5 crores in the next 6-8 months and reach an ARR of 2.5 Crores by the end of this year.
Update since Shark Tank 2.
- Monthly revenue increased by 25% (55l – 70l)
- New variants at higher price point has helped improve Gross Margin (CM1) by 3%
- Shift in channel focus: Moved from online to offline leading to control lesser spending on acquisition (improving CM2)
- New partnerships to build a retail footprint to over 30,000 stores from 1,500 stores.
- Significant improvement in EBITDA.
14 variants of Indian chutney flavors of all states.
Company is asset lite. The brand is the only asset.
The office is a rented co-working with 8 seats in Kanakia Boomerang, Chandivali.
- The business is currently funded by receivables. There is hence a backlog of payments but not higher than receivables.
- Investors have approx 24.4%. Rest all with 3 founders.
2 days, 16 hours agoOfficer, Agricultural Products, Mumbai, Individual Investor / Buyer connected with the Business
1 week, 1 day agoDirector, Refined Petroleum Products, Mumbai, Individual Investor / Buyer connected with the Business
1 week, 2 days agoTreasury Operations Manager, Logistics, Dubai, Individual Investor / Buyer connected with the Business